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IC Markets Overview for Indonesia
Founded in 2007 and headquartered in Sydney, Australia, IC Markets has grown into one of the world's largest forex and CFD brokers. For Indonesia traders, IC Markets offers a compelling mix of low spreads, fast execution, and a wide range of trading instruments including forex, indices, commodities, and cryptocurrencies. The broker supports local payment methods like GoPay, OVO, and USDT, making it easy for Indonesian traders to fund accounts in IDR. However, IC Markets is not regulated by Indonesia's OJK, which is a key consideration for risk-averse traders. Despite this, many Indonesian traders choose IC Markets for its institutional-grade trading conditions, including ECN pricing and support for MT4, MT5, and cTrader. The broker also provides Islamic accounts for Muslim traders. With over 60 currency pairs and leverage up to 500:1, IC Markets is suitable for both beginners and experienced traders in Indonesia who prioritize low costs and reliable execution.
| Detail | Information |
|---|
| Founded | 2007 |
| Headquarters | Australia |
| Regulated by | ASIC,CySEC,FSA,SCB |
| Min Deposit | $200 |
| Max Leverage | 5000 |
| Platforms | MT4, MT5, cTrader |
| Islamic Account | Available |
| Copy Trading | Not available |
| Demo Account | Available |
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Regulation & Safety — Is IC Markets Safe for Indonesia?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Indonesia traders
Always verify IC Markets's regulation at the official regulator website before depositing.
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Spreads & Trading Costs 2026
Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|
| EUR/USD | 0.02 pips | $3.50 | $3.52 | 0.80 pips |
| GBP/USD | 0.23 pips | $3.50 | $3.73 | 1.20 pips |
| XAU/USD | 0.12 pips | $3.50 | $3.62 | 0.25 pips |
| S&P500 | 0.30 | $3.50 | $3.80 | 0.50 |
| NASDAQ | 0.80 | $3.50 | $4.30 | 1.50 |
| BTC/USD | $30 | $3.50 | $33.50 | $45 |
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Account Types for Indonesia Traders
Standard Account
No Commission
Min Deposit$200
EUR/USD Spreadfrom 0.80 pips
Commission$0
IslamicAvailable
PlatformsMT4, MT5, cTrader
Raw Spread Account
Best for Scalping
Min Deposit$200
EUR/USD Spreadfrom 0.02 pips
Commission$3.50
IslamicAvailable
PlatformsMT4, MT5, cTrader
| Feature | Available |
|---|
| Demo Account | Yes |
| ECN/Raw Account | Yes |
| Islamic (Swap-free) | Yes |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | Yes |
| Copy Trading | No |
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Deposits & Withdrawals — Indonesia Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Indonesia deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
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Islamic Account — Indonesia Muslim Traders
IC Markets offers Islamic (swap-free) accounts for Muslim traders in Indonesia who wish to trade in accordance with Sharia law. The Islamic account is available on both Standard and Raw Spread account types. It is genuinely swap-free, meaning no interest is charged or earned on overnight positions. There are no hidden fees, but some instruments may incur a small administrative fee if held for extended periods. To apply, simply request the Islamic account during registration or contact customer support after opening a standard account. The broker does not require additional documentation beyond your KTP. This makes IC Markets a good option for Indonesia's large Muslim population seeking a swap-free trading environment.
| Feature | Details |
|---|
| Islamic Account Available | Yes |
| Swap Fees | No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
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Instruments & Markets in Indonesia
| Asset Class | Examples | Available | Typical Spread |
|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | 0.02 pips |
| Gold (XAU/USD) | Spot Gold | Available | 0.12 pips |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.30 |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | $30 |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
Most popular instruments for Indonesia traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Indonesia traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Indonesia traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — Indonesia Review
Support verdict for Indonesia
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes Indonesia Traders Make with IC Markets
- Mistake: Assuming IC Markets is OJK-regulated. It is not. Always verify the broker's license on the ASIC or CySEC website before depositing.
- Using the Standard account for high-frequency trading. The Raw Spread account with commission is cheaper for scalpers due to lower spreads.
- Not requesting the Islamic account before trading. If you are a Muslim trader, you must request a swap-free account during registration or immediately after to avoid interest charges.
- Ignoring the minimum deposit requirement. The $200 minimum is higher than many local brokers; plan your initial deposit accordingly.
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IC Markets vs Competitors in Indonesia
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| IC Markets (current) | $200 | 0.02 pips | Yes | No | 3.6 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
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Security & Fund Protection — IC Markets
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
Yes
Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for Indonesia traders
IC Markets segregates all client funds and is regulated by top-tier authorities.
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IC Markets User Reviews & Ratings
CompareBroker Expert Rating
3.6
★★★★★
Based on 50+ data points tested by our team
Independently verified
What traders love
+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support
Common complaints
- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
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IC Markets Latest News & Updates 2026
IC Markets expands TradingView integration
IC Markets has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
IC Markets maintains top-tier regulatory status
IC Markets continues to hold its regulatory licenses, ensuring client fund protection for Indonesia traders.
New instruments added for Indonesia traders
IC Markets has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is IC Markets Worth It for Indonesia Traders?
3.6/5
★★★★★
IC Markets is a well-established global broker that offers excellent trading conditions for Indonesia traders who prioritize low spreads, fast execution, and a wide range of instruments. The support for local payments like GoPay, OVO, and USDT makes it convenient to fund accounts. The Islamic account is a plus for Muslim traders. However, the lack of OJK regulation is a significant downside, as it means no local investor protection. The minimum deposit of $200 is also higher than some local alternatives. IC Markets is best suited for experienced Indonesia traders who are comfortable with international regulation and want low-cost trading. Beginners may prefer a locally regulated broker with lower minimum deposits and Indonesian language support. Overall, IC Markets is a solid choice if you understand the regulatory risks.
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FAQ — IC Markets for Indonesia Traders
Is IC Markets safe for Indonesia traders?+
How can I deposit money in IC Markets from Indonesia?+
Does IC Markets have Islamic account?+
What is the minimum deposit for IC Markets in Indonesia?+
What trading platforms does IC Markets offer?+
Is IC Markets regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
